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president obama and top lawmakers gather at the white house trying to head out the so- called fiscal cliff, both sides expressing confidence they can work together, but they have said that before. that's for sure. no deal means higher taxes for nearly all of us beginning in 46 days from now. economists warn a likely recession all over again. craig bosswell is following this one for us. >> reporter: it's the first step toward finding a compromise. >> we're all aware that we have some urgent business to do,. >> reporter: president obama sitting between leaders for both parties looking for a way to avoid the so-called fiscal cliff. >> we have to make sure taxes don't go up on middle class families. that our economy will remain strong. that we're creating jobs. >> reporter: the fiscal cliff is a combination of tax cuts that expire at the end of the year, and spending cuts that kick in on day one of next year. >> to show our seriousness, we have put revenue on the table. as long as it's a companied by significant spending cuts. >> reporter: the automatic spending cuts total $1.2 trillion
president obama and top lawmakers gather at the white house trying to head out the so- called fiscal cliff, both sides expressing confidence they can work together, but they have said that before. that's for sure. no deal means higher taxes for nearly all of us beginning in 46 days from now. economists warn a likely recession all over again. craig bosswell is following this one for us. >> reporter: it's the first step toward finding a compromise. >> we're all aware that we have some...
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Nov 16, 2012
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president obama welcomes congressional leaders to the white house this morning. the same players, of course, who couldn't solve it last time. can they break the gridlock before it costs all of us? >> and what started as a tribute to heroes ends in disaster. a freight train slams into a parade float carrying veterans. everyone asking the question why. >> have a busy show for you. the israeli deputy foreign minister danny eylen is going to join us. a former director of the budget office, peter orszag is our guest. actress jada pinkett smith and kelly reilly from the new movie "flight." it's friday, november 16th. and "starting point" begins right now. morning, welcome, everybody, our starting point this morning, israel mobilizing thousands of troops for a possible full-scale ground war with hamas. violence in the region intensifying overnight. the palestinian militants launched hundreds of rockets into israeli territory. air raid sirens sounding in tel aviv. that's the very first time that's happened since the gulf war. israelis responded by pounding hundreds of te
president obama welcomes congressional leaders to the white house this morning. the same players, of course, who couldn't solve it last time. can they break the gridlock before it costs all of us? >> and what started as a tribute to heroes ends in disaster. a freight train slams into a parade float carrying veterans. everyone asking the question why. >> have a busy show for you. the israeli deputy foreign minister danny eylen is going to join us. a former director of the budget...
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Nov 16, 2012
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. >>> the looming fiscal cliff takes center stage at the white house today. president obama will meet with leaders of both parties from the house and the senate this morning to start talks on avoiding those automatic tax hikes and deep spending cuts. then this afternoon the president will sit down with the heads of 13 civil rights groups to get their input on a negotiation. tony? >>> we are on traffic watch in virginia this morning, where the 495 express lanes are set to open. today is the big day, and fox 5's sherri ly is live in tysons corner with a preview. sherri? >> reporter: tony, everyone knows the beltway is notorious for its gridlock. but that ride is about to become smoother either late tonight or early tomorrow morning, the express lanes here will open up. come monday when it's bumper-to- bumper on the beltway, the express lanes should keep drivers who pay moving. the $2 billion project stretches 14 miles from springfield to the american legion bridge, with exits and entrances along the way. prices will be based on congestion and how far you travel
. >>> the looming fiscal cliff takes center stage at the white house today. president obama will meet with leaders of both parties from the house and the senate this morning to start talks on avoiding those automatic tax hikes and deep spending cuts. then this afternoon the president will sit down with the heads of 13 civil rights groups to get their input on a negotiation. tony? >>> we are on traffic watch in virginia this morning, where the 495 express lanes are set to open....
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Nov 16, 2012
11/12
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president obama, and four top congressional leaders will meet at the white house for talks. that raises the curtain on a six-week push to beat a january 1st deadline. if no deal is reached by then, $500 billion in tax increases and spending cuts simply start taking effect. cnn's jill dougherty is live in our washington bureau. boehner has said he is open to discussing revenue increases that don't involve racing tax rates. tax rates. but that is something many other gop house members have vigorously opposed. is there a sense that the tide may be turning at this point? >> well, at this point, i would -- i think you'd have to say that this is their opening gambit. it is pretty locked in at this point. but there is some type of flexibility, especially on whether or not let's say the cutting loopholes, they would say, the republicans would say, you should do that. or you should have deductions. i should say cut deductions. the democrats say that doesn't add up at all. but let's look at what mitch mcconnell says, who's taking a harder line on all of this. >> we don't happen to thi
president obama, and four top congressional leaders will meet at the white house for talks. that raises the curtain on a six-week push to beat a january 1st deadline. if no deal is reached by then, $500 billion in tax increases and spending cuts simply start taking effect. cnn's jill dougherty is live in our washington bureau. boehner has said he is open to discussing revenue increases that don't involve racing tax rates. tax rates. but that is something many other gop house members have...
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and with pressure mounting, president obama sat down at the white house today with congressional leaders from both parties to begin negotiations on a debt reduction deal that would keep the united states from going over the so-called fiscal cliff. >> i think we're all aware that we have some urgent business to do. we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs. and that's an agenda that democrats and republicans and independents, people all across the country share. >> let's bring in our senior political analyst gloria borger. there were some pretty upbeat statements coming from both sides after this meeting. are we seeing real momentum? or is this sort of an illusion? >> well, i think you'd have to say, wolf, that the tone is really good on both sides. we haven't seen this in a long time. they came out on the driveway there at the white house, they were standing together, they were talking to each other. they didn't look like they were on a bad date. they looked like, okay, we're actually going to try and
and with pressure mounting, president obama sat down at the white house today with congressional leaders from both parties to begin negotiations on a debt reduction deal that would keep the united states from going over the so-called fiscal cliff. >> i think we're all aware that we have some urgent business to do. we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs. and that's an agenda that democrats and...
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Nov 16, 2012
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[applause] >> president obama met at the white house with key congressional leaders including house speaker john boehner, house democratic leader nancy pelosi, senate majority leader harry reid and a republican mitch mcconnell. the first meeting since the election. they discussed what to do about expiring busheir tax reductions and across-the-board spending cuts set to hit in january called the fiscal cliff. they allowed cameras in the room before the talks. >> i want to welcome the congressional leadership and thank them for their time. we have -- factors don't go on middle class families that our economy remains strong and we are creating jobs and and that's the agenda that democrats and republicans and independents all across the country share so our challenge is to make sure that we are able to capri together and work to find common ground, make compromises and build consensus. all of us agree on this they want to see us focused on that but not our politics here in washington. my hope is this is the beginning of a process where we are able to come to an agreement that will reduce our de
[applause] >> president obama met at the white house with key congressional leaders including house speaker john boehner, house democratic leader nancy pelosi, senate majority leader harry reid and a republican mitch mcconnell. the first meeting since the election. they discussed what to do about expiring busheir tax reductions and across-the-board spending cuts set to hit in january called the fiscal cliff. they allowed cameras in the room before the talks. >> i want to welcome the...
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Nov 16, 2012
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. >>> president obama has invited congressional leaders from both parties to the white house today for a summit on the nation's looming fiscal cliff. $500 billion in tax hikes along with deep spending cuts are set to kick in january 1st if they don't reach a deal. both sides say they're willing to look for compromises. but the markets, of course, have been very jittery, worried that there will not be a resolution by that deadline in just a few weeks, less than 50 days now. >>> overseas now, a question who blinks first in the increasingly violent conflict between israel and the palestinians. >> israeli officials warn they're ready for a ground invasion if hamas does not stop firing missiles into the country. fighting between the two side escalated sharply yesterday. with a first ever militant attack on the tel aviv area. we'll, of course, have much more on the growing tension coming up later in this half hour of the show. >>> federal investigators are heading to the scene of a tragic accident in texas where a freight train slammed into a parade float carrying wounded veterans. four peop
. >>> president obama has invited congressional leaders from both parties to the white house today for a summit on the nation's looming fiscal cliff. $500 billion in tax hikes along with deep spending cuts are set to kick in january 1st if they don't reach a deal. both sides say they're willing to look for compromises. but the markets, of course, have been very jittery, worried that there will not be a resolution by that deadline in just a few weeks, less than 50 days now. >>>...